May 25, 2017 1:21 AM ET

IT Services

Company Overview of JetPay Corporation

Company Overview

JetPay Corporation provides debit and credit card processing, payroll, human capital management (HCM) and card services to businesses and their employees in the United States. The company operates through two segments, JetPay Payment Processing and JetPay HR and Payroll. It offers debit and credit processing and automated clearing house payment services to small and medium-sized businesses, as well as to large entities, which processes Internet transactions and recurring billings; and HCM services, including payroll, tax filing, time and attendance, HR, and other related services to small and medium-sized employers. The company also provides transaction processing services, such as end-to-en...

3939 West Drive

Center Valley, PA 18034

United States

208 Employees

Phone:

610-797-9500

Key Executives for JetPay Corporation

Chief Executive Officer and Director
Age: 64
Total Annual Compensation: $262.1K
Founder and Chairman
Age: 78
Total Annual Compensation: $300.0K
Chief Financial Officer
Age: 56
Total Annual Compensation: $270.0K
Chief Operating Officer
Age: 51
Total Annual Compensation: $195.2K
Vice Chairman, Chief Administrative Officer and Corporate Secretary
Age: 63
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2016.

JetPay Corporation Key Developments

JetPay Corporation Not In Compliance With NASDAQ Listing Rule

Following Mr. Palmer’s death, the Audit Committee of the JetPay Corporation has been reduced to two members. As a result, the Company is no longer compliant with Listing Rule 5605(c)(2) of The NASDAQ Stock Market LLC (Nasdaq), which requires that an audit committee consist of at least three members, each of whom is independent. In accordance with the Nasdaq Listing Rules, on May 10, 2017, the Company notified Nasdaq of Mr. Palmer’s passing and the resulting non-compliance with Nasdaq Listing Rule 5605(c)(2). Pursuant to the Nasdaq Listing Rules, the Company has until November 2, 2017 to regain compliance with Listing Rule 5605(c)(2). The Board of Directors intends to identify candidates to replace Mr. Palmer and appoint a new director to the Audit Committee who satisfies the applicable requirements of the Nasdaq Listing Rules prior to the expiration of the cure period.

JetPay Corporation Announces John Crouch as Chief Information Officer

JetPay Corporation announced the company has added a new technology leader to its senior management team to lead the company's information technology, including payment and payroll technology solutions, and ongoing security enhancements. Effective April 17, 2017 John Crouch will join JetPay as the company's Chief Information Officer. In his role, Crouch will have oversight of all technology and will be responsible for leading the direction for ongoing technical development, driving the long-term technology and digital roadmap, including implementing ongoing product and service enhancements. Most recently at EVO, Crouch held the position of U.S. Chief Information Officer.

JetPay Corporation expected to report Q1 2017 results on May 13, 2017. This event was calculated by Capital IQ (Created on April 13, 2017).

JetPay Corporation expected to report Q1 2017 results on May 13, 2017. This event was calculated by Capital IQ (Created on April 13, 2017).

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Recent Private Companies Transactions

Type
Date
Target
Buyback
February 21, 2017
--
Private Placement
October 19, 2016
--
 

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